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Hyatt Commercial Facilitates Sale Of Office Space In Pasadena, MD For $1.2M

Property Image
SOLD
$1,200,000

Maryland

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Office9,159 SF
Sold 10/09/2023
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Property Image
SOLD

Hyatt Commercial Facilitates Sale Of Office Space In Pasadena, MD For $1.2M

4326 Mountain Road

See Similar Deals
Office9,159 SF
Sold 10/09/2023
Contact now

Summary

MARYLAND
Asset Type:Office
Price Per Square Foot:$131
Total Square Footage:9,159 SF
Transaction Type:Sale

A 9,159 square-foot office space located at 4326 Mountain Road in Pasadena, MD has been sold for $1.2 million. The property will be converted into a church facility for the House of Mercy Church of God. This transaction was facilitated by Hyatt Commercial's brokers George Shenas, Judith Neighoff, and Justin Mullen. The successful sale demonstrates Hyatt Commercial's commitment to innovative property repurposing and high-quality service.

Summary of transaction details

  • Property Type: Office
  • Sale Price: $1,200,000
  • Square Footage: 9,159
  • Price per Square Foot: $131
  • Address: 4326 Mountain Road, Pasadena, MD
  • Market: Pasadena, MD

Hyatt Commercial's brokers, including George Shenas, Judith Neighoff, and Justin Mullen, played a key role in the successful sale of this office space. Their expertise and dedication to providing high-quality service allowed for the seamless conversion of the property into a church facility for the House of Mercy Church of God.

Players

Justin Mullen
6 deals$49.2M volume(410) 260-6546
BROKER

George Shenas
Hyatt Commercial
1 deal$1.2M volume(410) 260-6548
BROKER

Judith Neighoff
Hyatt Commercial
3 deals$8.2M volume(410) 260-6545
BROKER

Details

SOLD
IMAGE: George Shenas, Judith Neighoff & Justin Mullen DATE: 10/09/2023 ADDRESS: 4326 Mountain Road MARKET: Pasadena, MD ASSET TYPE: Office BROKERS: George Shenas, Judith Neighoff & Justin Mullen - Hyatt Commercial SALE PRICE: $1,200,000 SF: 9,159 ~ PPSF: $131 NOTE: Hyatt Commercial successfully facilitated the sale of a 9,159 square-foot office space at 4326 Mountain Road, valued at $1.2 million, for its conversion into a church facility for the House of Mercy Church of God, demonstrating their commitment to innovative property repurposing and high-quality service.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35